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Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years

Business Today

Business Today · 1y ago

Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, there are 20 women-led startups that have the potential to become unicorns in the future. These startups, classified as either 'gazelles' or 'cheetahs', demonstrate the increasing influence of women in the entrepreneurial ecosystem. Some of the notable startups include Sugar Cosmetics, Zypp Electric, Chalo, and Bankbazaar.com. The index also highlights the diversity among the founders, with Rashi Narang and Ridhima Coelho co-founding Heads Up For Tails and Vrushali Prasade co-founding Pixis at a young age of 29. The report emphasizes the importance of a well-funded startup ecosystem in driving India's economic growth.

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Women-Led Startups in India Flourish A Glimpse into the Growth

Business Bytes

Business Bytes · 1y ago

Women-Led Startups in India Flourish A Glimpse into the Growth

Women-led startups in India have experienced significant growth in recent years, with their share increasing from 10% to 18% of the total startup ecosystem. The number of startups in India has also surged from 6,000 to 80,000, with women-led unicorns witnessing a growth from 8% to 17%. This growth can be attributed to the increasing funding support for Indian startups, with funding for women-led startups rising from 11% to 20%. This shift indicates a more supportive environment for women entrepreneurs in India and suggests further growth in the future.

Porter Enterprise partners with Gurugram's Zypp Electric to provide logistics solutions

IndianStartupNews

IndianStartupNews · 1y ago

Porter Enterprise partners with Gurugram's Zypp Electric to provide logistics solutions

Porter Enterprises has partnered with Zypp Electric to offer sustainable logistics solutions. The collaboration aims to achieve 100% sustainability in last-mile deliveries by 2028. Porter's logistics network in over 20 Indian cities will be integrated with Zypp Electric's EV solutions. The partnership focuses on improving operational efficiency and reducing downtime. The move aligns with the industry's shift towards electric vehicles to reduce carbon emissions, with other major delivery platforms also transitioning to EVs. Zypp Electric plans to deploy 100,000 electric scooters by 2024 in collaboration with Zomato.

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C

Entrackr

Entrackr · 6m ago

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C B2B delivery and shared mobility startup Zypp Electric is raising Rs 55.4 crore ($6.5 million) from 16 investors, which seems to be part of the ongoing Series C funding round for the Gurugram-based company. The board at Zypp Electric has passed a special resolution to issue 564 Series C2 CCPS at an issue price of Rs 9,83,005 each to raise Rs 55.4 crore, its regulatory filing accessed from the Registrar of Companies shows. Individuals including Ajay Kumar Aggarwal, Samir Goenka, Narinder Bajaj, Kapil Kriplani, Vega Industries, Gagan Khanna, Supersonic Carrier, Nirmal K Bathwal, and 10 other investors will cumulatively participate during the investment. According to Entrackr’s estimates, the company will be valued at around $335-350 million. This seems to be part of an ongoing round, and the valuation may vary with further injection. According to the company, it may raise up to $50 million in the Series C fundraise. In May last year, Zypp kicked off the new round with a $15 million tranche led by ENEOS. The company was backed by IAN Fund, 9 Unicorns (now 100 Unicorns), Anthill Ventures, Eiman Abdullah Mahfood Al Qatar, and others. Founded by Akash Gupta and Rashi Agrawal in 2017, Zypp Electric is an EV-as-a-service platform offering electric vehicle rentals along with delivery services through its e-scooter fleet for gig workers. The company claims to have around 22,000 active vehicles in its fleet, with 15,000 in Delhi NCR, 4,000 in Bengaluru, and 1,200 in Mumbai. Zypp Electric witnessed significant 2.6X growth, with its operating revenue crossing Rs 290 crore during the fiscal year ended March 2024. However, in pursuit of scale, the losses for the firm rose 2.2X to Rs 91 crore in the same period.

Blume Ventures: Championing Diverse Innovations

Inshorts · 2m ago

Blume Ventures: Championing Diverse Innovations

Established in 2010, Blume Ventures has emerged as a key backer of early-stage startups in India, especially across transformative sectors like AI, agritech, and healthcare. With successful bets on companies like Meesho and Sugar Cosmetics, Blume has consistently delivered returns of 3 to 5x.

Current funding environment made Shark Tank India a compelling platform from an investment perspective: Vineeta Singh

Business Today

Business Today · 1y ago

Current funding environment made Shark Tank India a compelling platform from an investment perspective: Vineeta Singh

Shark Tank India has become a compelling platform for practical investments due to the challenging funding environment. SUGAR Cosmetics founder, Vineeta Singh, one of the show's sharks, highlights the significant growth potential for companies featured on the show. The third season, streaming on SonyLIV from January 22, showcases innovative startups across various industries, including healthtech and robotics. Singh emphasizes that profitability varies for different startups and sectors, and prioritizing profitability while maintaining growth depends on the company's stage and stakeholders. She advises against blindly chasing high gross merchandise value and emphasizes the importance of seizing opportunities to gain market share.

Celebrating Women’s Day with Leading Voices of the Corporate World

Livemint

Livemint · 1y ago

Celebrating Women’s Day with Leading Voices of the Corporate World

The article discusses the importance of women's empowerment in the corporate world and highlights the underrepresentation of women in leadership roles. It mentions a study by McKinsey & Company that shows businesses with more women in top executive positions tend to be more profitable. The article also mentions Shine's International Women's Day campaign, which focuses on industry leaders who are implementing inclusive practices to drive meaningful change. It features organizations like SUGAR Cosmetics, Edelweiss MF, Wipro, BCG, Deutsche Bank Group, and Tata Steel as examples of companies making progress in promoting gender equality.

SUGAR Cosmetics to raise $4.5 mn from Anicut, Malabar

Inshorts · 7m ago

SUGAR Cosmetics to raise $4.5 mn from Anicut, Malabar

Mumbai-based D2C Sugar Cosmetics is set to raise $4.5 million in what seems to be a tranche of funding from a host of investors, including Anicut Equity Continuum Fund, Elevation Capital, Malabar Investment and L Catterton among others. As per Inc42’s calculations, the startup secured the fresh funding round at a valuation of ₹2,600-₹2,700 crore.

Govt’s Fund Of Funds Invested INR 17,534 Cr In 938 Unique Indian Startups

Startup News FYI

Startup News FYI · 1y ago

Govt’s Fund Of Funds Invested INR 17,534 Cr In 938 Unique Indian Startups

The Indian government's fund of funds (FoFs) scheme has invested INR 17,534 Cr in 938 unique Indian startups since its establishment in 2016. Managed by Small Industries Development Bank of India (SIDBI), the FoFs initiative has also spurred nearly four times the amount drawn in investments. The report by CRISIL indicates that the scheme has supported startups in various emerging sectors and backed women-led startups and fund managers. Additionally, 18 startups in the FoFs portfolio have become unicorns. SIDBI is responsible for selecting and providing capital to SEBI-registered alternative investment funds (AIFs) that then invest in startups.

Can Winston Challenge Legacy Brands In The Personal Grooming Electronics Space?

Inc42 · 1y ago

Can Winston Challenge Legacy Brands In The Personal Grooming Electronics Space?

Winston, a D2C personal care electronics brand, aims to compete in the Indian hair clipper market, projected to reach a value of $2.05 billion by 2029. Having raised funding from notable investors such as Vineeta Singh of SUGAR Cosmetics and Anupam Mittal of Shaadi.com on Shark Tank India, Winston believes it can capture 5-6% of the market, which is currently estimated at INR 8,500.

Zypp Electric backer Chakra Growth Fund marks first close of maiden vehicle

VCCircle

VCCircle · 1y ago

Zypp Electric backer Chakra Growth Fund marks first close of maiden vehicle

Chakra Growth Fund, an early-stage investor based in California, has achieved the first close of its debut investment vehicle. The fund has made investments in startups such as Zypp Electric, Altergo, SupplyNote, and Ambee. Chakra Growth Fund focuses on electric vehicle technology and climate-related ventures. The milestone was achieved last month, and further details regarding the fundraising efforts were not revealed.

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